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Feb 22, 2013
02/13
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the same thing happened with the debt ceiling fight and the fiscal cliff. you cover congress. why does everything get dragged out to the very last second? >> well, i think you just answered your own question. we're dealing with congress, and congress loves to wait for the last minute. we saw that with the debt ceiling debate from a couple years ago. we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at night and early in the morning and voted on a deal. this is going to go, once again, up to the wire -- down to the wire, and, you know, some people are even suggesting that the sequester will hit before congress actually acts. >> now, this week we heard that the president has his highest approval rating since 2009. it seems the worst congress looks, the better he looks. how could that affect gun control reforms and immigration reform? >> there was an interesting poll that came out in "usa today" just yesterday showing that largely the american public agrees with the positions that the president
the same thing happened with the debt ceiling fight and the fiscal cliff. you cover congress. why does everything get dragged out to the very last second? >> well, i think you just answered your own question. we're dealing with congress, and congress loves to wait for the last minute. we saw that with the debt ceiling debate from a couple years ago. we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at...
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Feb 21, 2013
02/13
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debt ceiling versus fiscal cliff and now the sequester and as jonathan pointed out, the sequester cuts kind of a rolling cut. they don't really get this. i'll say the white house is probably in a better position messagingwise because what they can do right now and what they are doing right now is pointing to the individual cuts and that resonates with voters and people who are monitoring the news, being able to say, oh, meatpackers can't inspect meat or longer lines at the airport. the resonates with people and effective messaging on their part and republicans don't have that same luxury right now. >> does it resonate only with the people that agree with the president? you talk about, for example, not likely that the republicans in the reddest part of the country receiving calls of constituents. is this again another situation where it resonates? if that's what you believe and going back to the core of this, this huge gap in this country and in people elected to represent us on what should be done particularly when it comes to tax revenue, shira? >> well, i think the people who agree w
debt ceiling versus fiscal cliff and now the sequester and as jonathan pointed out, the sequester cuts kind of a rolling cut. they don't really get this. i'll say the white house is probably in a better position messagingwise because what they can do right now and what they are doing right now is pointing to the individual cuts and that resonates with voters and people who are monitoring the news, being able to say, oh, meatpackers can't inspect meat or longer lines at the airport. the...
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Feb 24, 2013
02/13
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he beat them on the debt ceiling. i beat them on the fiscal cliff. i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight and it's a deliberate strategy to make sure it doesn't happen again. they are ready and willing to let it go into effect because think of it. what are we talking at the moment? we're not talking about republicans lack of unity on taxes. we're talking about spending, size of government. talking about additional spending. this is exactly where the republicans want the debate. >> paul: could they split over defense spending where a lot of members don't want the damage that it could do to the pentagon? >> this is where the president is going to hammer the hardest. what is notable here, even the republicans who have some qualms about how this goi
he beat them on the debt ceiling. i beat them on the fiscal cliff. i can do it again. the polls show the public will be with me. whether it is well founded confidence, we'll find out but that is what is driving some of this. he feels like he can win this. >> paul: you think it may be overconfidence on the part of the president. this is different and how so? >> it absolutely is. republicans no they got beat on the debt ceiling fight and it's a deliberate strategy to make sure it...
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Feb 20, 2013
02/13
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. >>> well, we're all veterans now of events with names like the debt ceiling deadline, the fiscal cliff, and the next one is barrelling down the tracks. it is called the sequester, but it has nothing to do with a jury. and if it isn't stopped, if it's allowed to go through in ten days, huge automatic spending cuts go into effect. the president used some dire language to warn about it today. and tonight nbc's john yang explains what the sequester is and the impact it could have for everyone. >> reporter: with no budget deal in sight, an automatic spending cuts just days away, president obama said today it was the fault of congressional republicans. >> they haven't come together and done their jobs, and so as a consequence, we've got these automatic, brutal spending cuts. >> reporter: republicans blame the president. >> the president, back in the last session of congress, refused to cut spending in any place. >> reporter: they're fighting over a sequester. washingtonspeak for the $1.2 trillion across-the-board spending cuts that would begin march 1st unless congress and the president agre
. >>> well, we're all veterans now of events with names like the debt ceiling deadline, the fiscal cliff, and the next one is barrelling down the tracks. it is called the sequester, but it has nothing to do with a jury. and if it isn't stopped, if it's allowed to go through in ten days, huge automatic spending cuts go into effect. the president used some dire language to warn about it today. and tonight nbc's john yang explains what the sequester is and the impact it could have for...
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Feb 20, 2013
02/13
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this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that's really very disadvantageous for so many workers. >> jared, let me interrupt this colloquy here and ask you, jared, we know that there are other looming fiscal fights, the march 27th deadline for the continuing resolution, bu
this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say...
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Feb 20, 2013
02/13
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it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they don't like who we have elected as president, they find some way to undermine the president. whatever it takes to destroy it. we are using in this country the same old cold war cia tactics to destabilize our own country. look at the impact this constant threats to shut down the
it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they...
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Feb 19, 2013
02/13
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first of all, most of america is not concerned with these tv terms like fiscal cliff and debt ceiling and sequestration. >> what about when i rhyme them together and say sequestration, damnation, louse nation. >hallucination. >> to most of america, it's benign to them. when i look at what really happens as a market watcher in the past, here comes the fiscal cliff. guess what. everything's fine, market goes up. >> what happens if we get to march 1st and we go over the cliff or whatever you want to call it? are the markets thinking we avoid it, or are the market saying 85 billion in the scheme of things, better than nothing, get on with it? >> i think the historical pattern has shown us that every time we get up to these supposed drop dead dates, nothing happens. they come up with some kind of solution. >> were they thinking that, or are they thinking we hope they do go through with these cuts, minor as they are? >> i think the markets believe that these cuts will happen. i think the markets believe that this is a sliver of a thaw in the gridlock in washington. the republicans called ob
first of all, most of america is not concerned with these tv terms like fiscal cliff and debt ceiling and sequestration. >> what about when i rhyme them together and say sequestration, damnation, louse nation. >hallucination. >> to most of america, it's benign to them. when i look at what really happens as a market watcher in the past, here comes the fiscal cliff. guess what. everything's fine, market goes up. >> what happens if we get to march 1st and we go over the cliff...
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Feb 17, 2013
02/13
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when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that we have at the moment is the bigger problem for the economy and job creation in the private sector. >> chris: let me binge karl in to talk about the sequester and look at the president's state of the union speech and agenda he laid out and what does that tell us about what he wants to do in his second term? >> spend a lot of money and pursue a lot of liberal social policies and says he is out of touch with the reality of where the country is. the democrats said we don't have a spending problem. 83% of the american people say we have a pending problem. i agree with kim. $85 billion cut is a 2.4% cut roughly out
when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that...
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Feb 20, 2013
02/13
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a lot of times it's happening behind closed doors in deals like the fiscal cliff deal or debt ceiling deal. the very fact the process is happening and advocates know that their members are working together on this makes it much more likely for them to get involved. as those senators involved in this have mentioned. they are not planning to get a bill to the floor until march. so i think you're only going to see those efforts stepping up in the next few weeks. >> i want to bring in congressman castro, it's good to have you on the show. they would have had loved to have a tap on the phone, three republicans that he talked to yesterday talking about immigration. what do you take away from that? >> i think that the president is serious about working in a bipartisan way to get comprehensive immigration reform done. he does want to be a leader on this but also that he respects the role of the congress and specifically of those republicans who have gone out on a limb a bit to make comprehensive immigration reform a reality. >> we've been talking about the c contentious town hall, only guns w
a lot of times it's happening behind closed doors in deals like the fiscal cliff deal or debt ceiling deal. the very fact the process is happening and advocates know that their members are working together on this makes it much more likely for them to get involved. as those senators involved in this have mentioned. they are not planning to get a bill to the floor until march. so i think you're only going to see those efforts stepping up in the next few weeks. >> i want to bring in...
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Feb 20, 2013
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cliff, debt ceiling and now sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're sitting here being held hostage. i click on them and they don't open. oh, yeah, i could have put the back on first. [ male announcer ] when ziggy the cat appeared at their door, he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. ♪ they hatin' ♪ patrolling they tryin' to catch me ridin' dirty ♪ ♪ tryin' to catch me
cliff, debt ceiling and now sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're sitting here being held hostage. i...
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Feb 22, 2013
02/13
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having put off the debt ceiling, the republicans really feel like this is something they have to stand their ground on. >> chris, karl rove superpac has an ad out of bom's mess. let me play it and get your reaction to this. >> a bad idea. are you willing to see a bunch of first responders lose their job. teachers laid off. air traffic controllers and airport security. this is hardship on a lot of people. scene zone yours. middle class families. scramble to find -- >> is this ad effective? you can take out the cut-out of the president and put in speaker boehner. he said he would like not to have the sequester come down. >> after that ad, i know why the group was so effective in the last election. >> that was an easy one. it's pretty janky but they're trying to say it's obama's mess and does it instead put the spotlight on the divide within the republican party? those things the president is saying is exactly what speaker boehner has said. >> i think the problem is if you're trying to shift blame to the president right now given the president's level of popularity, the message of the whi
having put off the debt ceiling, the republicans really feel like this is something they have to stand their ground on. >> chris, karl rove superpac has an ad out of bom's mess. let me play it and get your reaction to this. >> a bad idea. are you willing to see a bunch of first responders lose their job. teachers laid off. air traffic controllers and airport security. this is hardship on a lot of people. scene zone yours. middle class families. scramble to find -- >> is this...
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Feb 20, 2013
02/13
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it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they don't like who we have elected as president, they find some way to undermine the president. whatever it takes to destroy it. we are using in this country the same old cold war cia tactics to destabilize our own country. look at the impact this constant threats to shut down the government have been having on public confidence. it's all in the ratings. it's undermining it, making people forever nervous about the basic ability of america to even have a running government. that patriotic? i don't think so. that's "hardball" for now. thanks for being
it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they...
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Feb 23, 2013
02/13
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cliff, the debt ceiling and the sequester, the misinformation campaign has worked. a bloomberg poll on the size of america's budget deficit shows 62% of americans think the deficit is getting bigger. 28% of americans think that it's staying the same. and get this number, only 6% agree with the truth. my friends, the deficit is shrinking. the congressional budget office says the deficit is down to $845 billion. it is projected to be $600 billion less than when the president took office. americans need to break out of this misinformation loop, don't you think? if they want to listen to a republican, maybe they should try listening to outgoing transportation secretary ray lahood. he spoke about the sequester consequences today, including the loss of 100 air traffic controllers. >> this requires compromise. this requires republicans stepping forward with some ideas about how to keep essential services of government running at the level that people have been accustomed to. this is not rocket science. >> well, it's not rocket science. but, folks, it is just as serious. ge
cliff, the debt ceiling and the sequester, the misinformation campaign has worked. a bloomberg poll on the size of america's budget deficit shows 62% of americans think the deficit is getting bigger. 28% of americans think that it's staying the same. and get this number, only 6% agree with the truth. my friends, the deficit is shrinking. the congressional budget office says the deficit is down to $845 billion. it is projected to be $600 billion less than when the president took office....
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Feb 16, 2013
02/13
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cliff deal and the previous debt ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this? >> first of all it's telling he didn't say he's also going to the west bank, perhaps he is. most often these trips do include that, that he didn't want to mention if indeed what you showed was the release, that's an interesting angle to follow up on. this is what lawmakers do to season themselves, to become experts. is he not seen as necessarily an expert on international affairs right now and this is one of the areas that you go and by the way, if you wonder why a florida senator would be going to israel, it's because it's a major voting body within t
cliff deal and the previous debt ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this?...
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Feb 20, 2013
02/13
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ceiling and other continuing resolution and other aspects of the federal fiscal situation which are very concerning and we think pose not only near-term threats to the travel business, but longer term threats to the economy if our political leaders can't get to an agreement. >> it shouldn't be this way. you are picking up in your industry from the brutality of the 2007-2008 downturn. you don't have supply for hotel rooms coming onstream. you should have really good pricing power at the moment. i see that in your negotiations for corporate customers, you expect to increase your room rates by high single digits. are you happy with that or had you hoped for more? >> no, i think -- the frustrating thing about this political situation in washington is business is really good and there are so many aspects of our economy which are not only good for our business, but show broad recovery. so our comp sales growth were up 8% in the month of january and we feel really good about the way that the year has started, which makes this doubly frustrating. the sequestration is a sign of the failure o
ceiling and other continuing resolution and other aspects of the federal fiscal situation which are very concerning and we think pose not only near-term threats to the travel business, but longer term threats to the economy if our political leaders can't get to an agreement. >> it shouldn't be this way. you are picking up in your industry from the brutality of the 2007-2008 downturn. you don't have supply for hotel rooms coming onstream. you should have really good pricing power at the...
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Feb 24, 2013
02/13
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so well, chris and we've had these conversations, as you mentioned, the fiscal cliff and debt ceiling debate and last minute flurry of activity and senators making triumphant returns for the holidays to be there in washington to get it done. do you see a difference this time there in d.c.? >> yeah, i think there's quite a sizable difference and that's because of the fact that with the debt ceiling, if you reach that point, we would have gone into either a technical or a practical default, jeopardizing the faith and credit of the american financial system. with a fiscal cliff, everybody's taxes would have gone up. the dramatic thing about the sequester is how undramatic it is. on march 2nd, nobody's going to notice a difference. the government doesn't shut down, none of the cuts are going into effect and it's really less a cliff and more a kind of a gentle slope because of the fact it takes a while for the cuts to kick in. in fact, the furloughs and layoffs that people are talking about, they have to give 60 days notice and that won't happen until the end of april, again, all the more
so well, chris and we've had these conversations, as you mentioned, the fiscal cliff and debt ceiling debate and last minute flurry of activity and senators making triumphant returns for the holidays to be there in washington to get it done. do you see a difference this time there in d.c.? >> yeah, i think there's quite a sizable difference and that's because of the fact that with the debt ceiling, if you reach that point, we would have gone into either a technical or a practical default,...
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Feb 18, 2013
02/13
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it was in the end game on the fiscal -- on the debt ceiling negotiations in 2011. literally july 27th, 2:30 in the afternoon, jack lew, who's in the white house chief of staff, rob neighbors, the head of congressional relations for president obama, went to see harry reid and proposed sequester. of course, everyone signed up to it, but it was designed to not happen. the cuts were perceived to be so draconian in domestic policy and in defense issues that no one would ever let this happen. it was the super committee, as you may remember, that was supposed to come up with more rational budget cuts. they failed. so we're stuck with -- it's kind of like being on a cruise ship with no power. >> where you have the captain and crew fighting each other and going around in circles. i don't get this, bob. you write this book about how the president and congress talk past each other. we have an election. we hear they might start talking together in a more positive sense. yet, here we have a situation that the defense industry hates, that advocates for the poor hate, that econom
it was in the end game on the fiscal -- on the debt ceiling negotiations in 2011. literally july 27th, 2:30 in the afternoon, jack lew, who's in the white house chief of staff, rob neighbors, the head of congressional relations for president obama, went to see harry reid and proposed sequester. of course, everyone signed up to it, but it was designed to not happen. the cuts were perceived to be so draconian in domestic policy and in defense issues that no one would ever let this happen. it was...
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Feb 23, 2013
02/13
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. >> now, when it came to negotiations on the debt ceiling deal those came down to the wire. we saw the same thing with the fiscal cliff that didn't get resolved until after the deadline had passed and the sequester was supposed to take effect in january, but it got pushed to march. i have to ask you as a member of congress, why does congress put everything to the last minute, right down to the wire. is there a procedural reason for that? a tactical reason? >> it's like poker. you wait until you get the last card in order to find out whether you think you can win or not and then you normally assess what happens if you lose. but when you have a handful of people that can't lose and they want to win and if they stop government they've won and they don't feel the pain like it's their mom or their kids that are losing. they believe that their conservatism is enough to be a patriot to bring their own party down, but to bring the country down with it. and so i heard you say that we'll do this over and over again until people are numb, but even with russian roulette, there is a live
. >> now, when it came to negotiations on the debt ceiling deal those came down to the wire. we saw the same thing with the fiscal cliff that didn't get resolved until after the deadline had passed and the sequester was supposed to take effect in january, but it got pushed to march. i have to ask you as a member of congress, why does congress put everything to the last minute, right down to the wire. is there a procedural reason for that? a tactical reason? >> it's like poker. you...
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Feb 20, 2013
02/13
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and remember, we also have the issue of funding the government and the debt ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same th
and remember, we also have the issue of funding the government and the debt ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just...